Selling a Business
We act for a great number of clients wishing to sell their business, so whether it is preparing for retirement, or the need for pastures new, we can help you move forward.
In a normal transaction we would expect to do the following:-
- Obtain copy title documents and ancillary papers to enable us to prepare the draft contract and supporting documents, known as disclosure.
- We will draft the contract and supporting documents to effect the transfer.
- We will deal with enquiries raised on behalf of the buyer.
- We will deal with the Landlord to obtain consent to assign of the lease.
- We will prepare for completing your matter on the agreed completion date including reporting to you with our accounts and drawing down funds if applicable.
- Following completion we will check that the buyer has completed registration of any ownership or lease of the property at the Land Registry.
More information
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How much will it cost me?
How much it will cost you will depend on the business.
Email or call us for a detailed estimate. You will need to tell us a bit about the business (value, industry, employees, and assets). We aim to provide you with a detailed estimate within 1 working day of you emailing us.
Please bear in mind that selling a business will require advice from an accountant. We therefore recommend you take early advice from an accountant at the same time as choosing your lawyer.
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How long will it take?
Again, this depends on the circumstances, but we find that the majority of transactions complete within 6-8 weeks, sometimes a little longer, sometimes a little sooner. We will work closely with you to ensure that timescales fit to your needs.